>>10732839
Resigned, not arrested
Nikola founder Trevor Milton quits amid fraud allegations
September 21, 2020 / 8:59 AM / CBS/AP
Electric truck startup Nikola late Sunday said founder Trevor Milton has resigned, a departure that comes amid allegations of fraud and just two weeks after signing a $2 billion partnership with General Motors.
Milton said in a message to Nikola employees that he is stepping aside because "the focus should be on the company and its world-changing mission, not me." He also said he would defend himself against accusations that the company made false claims about its vehicles, allegations that Nikola rejects.
Nikola shares plunged as much as 27% in pre-market trading on Monday morning.
https://www.cbsnews.com/news/nikola-founder-trevor-milton-resigns-amid-fraud-allegations/